Economic Growth and Innovation Newsroom
City Loans Help Local Businesses
Thursday April 26, 2007
LOUISVILLE – The Beechmont neighborhood, in Louisville’s South End, has long wanted a coffee shop — and soon it will be getting one, thanks in part to Louisville Metro Government.
Heine Brothers Coffee today received $175,000 in loans to open a store at 4701 Southern Parkway. Co-owners Mike Mays and Greg Heine plan to renovate a former National City Bank building to house their store.
“The addition of a coffee shop will be a wonderful place for neighbors and friends to gather,” said Drew Shryock, assistant director with the Economic Development Department.
Heine Brothers was one of seven businesses that have been awarded loans by the Metropolitan Business Development Corp, a branch of the city Economic Development Department.
The loans, totaling $358,200, were approved this morning.
“Small businesses are the backbone of our economy,” Louisville Mayor Jerry Abramson said. “When they succeed, Louisville succeeds.”
Those receiving loans were:
- Gilwin Development LLC, owned by Jim Goodwin and Chuck Gilbert. The developers are renovating six Highlands storefronts at 1737-1764 Bardstown Road. The redevelopment will be known as “The Shops at Deer Park Avenue.” Coco’s, an upscale chocolate company, is one of the tenants for the project. Gilwin Development received a $60,000 low-interest loan to improve the buildings’ facades and a $5,500 loan to make the project handicapped accessible.
- 800 E. Main LLC, owned by Chris Moore and Ronald Zichterman of the Quadrant Corporation. Moore and Zichterman are renovating an historic firehouse at 800 E. Main that will become the headquarters for their company, currently located in the Eastpoint Business Center. Quadrant is an importer of magnetic devices used in security. The company received a $37,700 façade loan that, among other things, will help install original-style firehouse doors.
- The Pie Pantry at 9802 Dixie Highway. Owners Vicki Hertel and Lisa Clayton are planning to open a desert/ice cream/coffee house. They were awarded a $50,000 forgivable loan to develop their business.
- K.C.’s Maytag Laundry. Brothers Kim and Kerry Christensen will operate a coin laundry at 4735 Rockford Plaza, an area of town that has numerous rental apartments without washer/dryer hook-ups. The brothers received a $50,000 low-interest loan.
- NATA Restaurants Group LLC, doing business as RJ Gators restaurant. The restaurant, owned by Todd Darland, Chris Wolfe and Marc King, will feature Floridan and Caribbean-inspired foods and will open at Westport Village. The company received a $30,000 low-interest loan.
- Heine Brothers Coffee. The owners are receiving a $75,000 forgivable loan and a $100,000 low-interest loan.
- Mr. Gatti’s Pizza, which plans to open a Gattiland at 10019 Dixie Highway, across the street from Valley High School. Business partners Mack and Wanda Page and Bryan and Jerry Crady received a $50,000 forgivable loan.
For more information on small business loans, visit www.louisvilleky.gov/economicdevelopment/